Thomas Corporation's adjusted trial balance contained the following liability accounts at December 31, 2019. Bonds Payable (due
Question:
Thomas Corporation's adjusted trial balance contained the following liability accounts at December 31, 2019. Bonds Payable (due in 3 years) $100,000, Accounts Payable $72,000, Notes Payable (due in 90 days) $22,500, Salaries and Wages Payable $4,000, and Income Taxes Payable $7,000. Prepare the current liabilities section of the statement of financial position.
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